Options Update for Johnson & Johnson

Posted on 04/03/2012 by Edward Connelly


NEW YORK (AVAFIN) -- Options traders were heavily trading call contracts during the last trading session establishing a new 3-month call volume record. A total of 5,210 put and 16,895 calls were traded where call contracts outnumbered puts 3.2:1, yielding a 0.31 ratio.

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Investors use options to manage risk and to speculate on price changes. Options can provide significant leverage if the stock moves in the right direction but aslo end up worthless if it doesn't.

Governments in developed countries are increasingly pressing for pricing cuts in health care, creating a headwind across most of J&J's key products. Additionaly, The 2011 patent losses on anti-infective Levaquin and neurology drug Concerta will create a drag on earnings growth through 2012.

Johnson & Johnson opened at $66.12 and the stock price declined $0.33 (0.50%) to $65.88 during the market session. JNJ is trading between the range of $65.50 - $66.16. To date, the stock has gained 1.49% within the last month. Volume is 9M in relation to the three month average volume of 9M shares. JNJ is trading above the 50 day moving average and higher than the 200 day moving average.

Market Snapshot (04/03/2012)
  SPX 1413.07 -5.97 -0.42%
  DOW 13195.6 -68.90 -0.52%
  NASDAQ 3113.57 -6.13 -0.20%
  VIX 15.67 0.03 0.19%

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